Investing.com - The U.S. dollar edged lower against the Swiss franc in light trade on Monday, as markets were jittery amid fresh concerns over political developments in the euro zone.
USD/CHF hit 0.9157 during European morning trade, the session low; the pair subsequently consolidated at 0.9163, edging down 0.07%.
The pair was likely to find support at 0.9119, the low of January 14 and resistance at 0.9202, the high of February 7.
Market sentiment weakened after the European Central Bank said last week that it would monitor developments in the markets to see if the stronger euro had an effect on the inflation outlook.
Investor confidence was also hit by uncertainty ahead of upcoming elections in Italy and renewed political tensions in Spain where the government has become embroiled in a corruption scandal.
The Swissie was lower against the euro with EUR/CHF adding 0.13%, to hit 1.2275.
The eurogroup of euro zone finance ministers was to hold talks in Brussels later in the session, following last week’s European Union summit.
USD/CHF hit 0.9157 during European morning trade, the session low; the pair subsequently consolidated at 0.9163, edging down 0.07%.
The pair was likely to find support at 0.9119, the low of January 14 and resistance at 0.9202, the high of February 7.
Market sentiment weakened after the European Central Bank said last week that it would monitor developments in the markets to see if the stronger euro had an effect on the inflation outlook.
Investor confidence was also hit by uncertainty ahead of upcoming elections in Italy and renewed political tensions in Spain where the government has become embroiled in a corruption scandal.
The Swissie was lower against the euro with EUR/CHF adding 0.13%, to hit 1.2275.
The eurogroup of euro zone finance ministers was to hold talks in Brussels later in the session, following last week’s European Union summit.